In
the United
States, there are billions
of dollars in unclaimed property that belong to businesses, surviving
heirs,
individuals and government agencies. Our service
includes locating
and retrieving these funds for our clients by searching through the
accounting
records of government entities and legal records. Our focus
is on
professional service with personal attention.
FAQ
What
is unclaimed property?
Generally, any
financial
asset, usually money, that has not been claimed by its owner or has not
had any
owner-generated activity for a period of time. This includes:
· Bankruptcy
Payments
· Savings/checking
accounts
· Stocks
and bonds
· Insurance
proceeds
· Uncashed
payroll checks
· Customers’
over payments
· Old
utility deposits
How
does property become unclaimed?
Property becomes
"unclaimed" when the owner does not respond to attempts by the holder
of the property (for example, the bank, insurance company, brokerage
firm or
utility company) to contact the owner of the account after the account
has been
inactive for a period of time. If the owner does not respond or cannot
be contacted,
the property is then sent to a government agency to hold on behalf of
the
rightful owner until the owner can be found. As long as you can show
proof that
the property belongs to you, you can always claim your property.
How
far back do records go?
Different
government agencies
have different laws. Some will hold the unclaimed property
indefinitely
and some may have a time limit for a claim to be made.
How
long do I have to claim the money?
Again, this will
depend on
the date the property was classified as "unclaimed" and the
regulation and laws for that jurisdiction.
What
if the original owner is deceased?
The
executor/Administrator/Personal Representative for the estate can make
a claim
on the property by providing a copy of the death certificate, a
currently dated
Certificate of Appointment from the Probate Court, as well as proof of
ownership of the property.
Do you charge a fee?
We locate,
prepare, and
file the documentation for our clients. For this service, we
do charge a
fee, only if Property is Found and Retrieved. No
fees are billed
until the property is returned to our clients.
